RHI Magnesita India Ltd disclosed that Dalmia Bharat Refractories Limited sold its entire 13.08% equity holding, comprising 2,70,20,000 shares, through open market transactions.

The disposal occurred over a four-month period from May 21, 2026, to September 22, 2026. Following the sale, Dalmia Bharat Refractories holds no shares or voting rights in the refractory solutions provider. The transaction was executed on both BSE Limited and National Stock Exchange of India Limited.

Transaction details

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Dalmia Bharat Refractories Limited was not part of the promoter or promoter group of RHI Magnesita India Ltd prior to this exit.

Capital structure impact

The total equity share capital of RHI Magnesita India Ltd remained unchanged at 20,65,01,426 equity shares of ₹1 each before and after the transaction. The seller held no encumbered shares, warrants, or convertible securities at the time of the sale.

What the numbers show

The data indicates a complete strategic exit rather than a partial reduction. Dalmia Bharat Refractories moved from a 13.08% holding to zero across all categories, including voting rights and encumbrances. The absence of any residual instruments confirms a clean break in ownership ties between the two entities during the specified period.

RHI Magnesita India Ltd saw a significant institutional entry as SBI Mutual Fund acquired 16,666,667 shares on September 22, 2026. This market purchase increased the fund's total holding to 16,718,871 shares, representing 8.0962% of the company's paid-up share capital.

The acquisition was reported under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this transaction, SBI Mutual Fund held only 52,204 shares, accounting for 0.0253% of the equity. The recent purchase effectively moved the fund from a negligible position to a substantial shareholder status.

Transaction details

The disclosure highlights that the acquisition was executed via market purchase of equity shares carrying voting rights. The total share capital of RHI Magnesita remained unchanged at ₹20,65,01,426, consisting of 20,65,01,426 equity shares with a face value of ₹1 each.

What the numbers show

The data reveals a concentrated institutional bet rather than a gradual accumulation. SBI Mutual Fund crossed the critical 5% threshold in a single trading session, acquiring 8.07% of the company's total equity. This jump from a 0.0253% baseline indicates a decisive shift in the fund's portfolio strategy towards the refractory materials sector, establishing it as one of the top institutional holders overnight.